Sei Investments Co. Purchases 3,114 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Sei Investments Co. raised its position in Tyler Technologies, Inc. (NYSE:TYL) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,660 shares of the technology company’s stock after buying an additional 3,114 shares during the quarter. Sei Investments Co. owned about 0.33% of Tyler Technologies worth $80,533,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Oak Thistle LLC raised its stake in shares of Tyler Technologies by 213.7% during the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock valued at $1,342,000 after purchasing an additional 1,586 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at $569,000. Diversified Trust Co bought a new stake in shares of Tyler Technologies during the 4th quarter valued at $596,000. PNC Financial Services Group Inc. raised its stake in shares of Tyler Technologies by 10.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,369 shares of the technology company’s stock valued at $6,053,000 after purchasing an additional 993 shares during the period. Finally, Fiduciary Alliance LLC bought a new stake in shares of Tyler Technologies during the 4th quarter valued at $1,594,000. 93.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company’s stock, valued at $4,322,477. This represents a 46.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares of the company’s stock, valued at $46,772,561.06. The trade was a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock valued at $8,688,030 in the last 90 days. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

TYL has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. Wells Fargo & Company reiterated an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. DA Davidson restated a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. Truist Financial restated a “buy” rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Finally, The Goldman Sachs Group boosted their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $676.25.

Tyler Technologies Price Performance

TYL opened at $566.56 on Friday. The stock has a 50-day moving average price of $598.88 and a 200-day moving average price of $597.94. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $24.42 billion, a P/E ratio of 93.49, a PEG ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. Equities analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.